Binance publishes staking assets’ annual yields

It has been three months since Binance announced the launch of its Binance Staking platform. The September announcement caused the reawakening of the crypto industry’s interest in Binance exchange, despite the fact that it only started staking for Stellar (XLM) and Algorand (ALGO).

Of course, the exchange did not stop there, and before long, additional currencies found their way to its staking platform.

While the staking platform has only been here for a few months, Binance still decided to research its estimated annual yields for staking assets and reveal the results.

What did the expected annual yields reveal?

According to Binance’s report, staking is definitely on the rise. The report concludes that Kava was the leading project, with its annual yield expected to be between 14-16%. Interestingly enough, Kava staking was announced only last week, with the initial reward airdrop being 30,000 KAVA.

Following KAVA, there was Algorand with a yield of 12-14%, Fetch.ai with a yield of 8-12%, as well as Harmony, with an expected yield of 8-10%. The list was clearly dominated by the coins that were launched on Binance Launchpad, which is not surprising — Binance was the exchange that started the IEO trend. Other than that, it is still one of the largest, most trusted, and most respected exchanges in the industry.

Binance also listed TRON, although its estimated yield stands below the coins that were launched on the Launchpad, sitting at 7-9%.

Last but not least, Binance also rolled out Tezos staking, further drawing attention to the altcoin due to the fact that it offered zero staking fee for this coin. While Binance’s estimated annual yield for XTZ sits at only 6-7%, the coin itself still managed to benefit from the attention, as its price saw a massive increase following the news. With the estimated annual yields being as they are, Binance is rightfully assuming that 2020 might be the year of staking.